Learning Ally Inc
- Assets
- $37.9m
- Revenue
- $30.6m
- Investments
- $14.3m
- Employees
- 242
- Location
- Princeton, NJ
- Founding
- 11/1992
- Data as of
- 06/2023
- EIN
- 13-1659345
Organization Overview
Learning Ally Inc is located in Princeton, NJ. The organization was established in 1992. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Learning Ally Inc employed 242 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Learning Ally Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Learning Ally Inc generated $30.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $33.0m during the year ending 06/2023. While expenses have increased by 8.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEARNING ALLY IS A LEADING NATIONAL NONPROFIT EDUCATION SOLUTIONS ORGANIZATION DEDICATED TO EQUIPPING EDUCATORS WITH PROVEN SOLUTIONS THAT HELP STRUGGLING LEARNERS TO REACH THEIR POTENTIAL SEE ATTACHMENT 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTACHMENT 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Friedman President & CEO | Officer | 60 | $445,442 |
Peters Lee G COO | 50 | $358,550 | |
Tim Wilson CFO | Officer | 50 | $298,457 |
Ho Jeffrey Cmlio | 50 | $303,332 | |
Penrose Maddux Shannon E Managing Partner, West | 50 | $276,054 | |
Edla Samanth C Vp, Technology & Ciso | 50 | $246,621 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faircom New York Inc Direct Marketing | 6/29/23 | $522,452 |
Howard Sloan Search Inc Recruiting Firm | 6/29/23 | $224,377 |
Oracle America Inc Software Firm | 6/29/23 | $252,364 |
Toptalllc Consulting | 6/29/23 | $247,657 |
Half Moon Executive Staffing Staffing | 6/29/23 | $174,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,559,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,427,245 |
| Noncash contributions included in lines 1a–1f | $75,471 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,986,979 |
| Total Program Service Revenue | $13,107,969 |
| Investment income | $2,004,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,690 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$644,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,557,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $60,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,875,767 |
| Compensation of current officers, directors, key employees. | $991,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,953,676 |
| Pension plan accruals and contributions | $93,943 |
| Other employee benefits | $1,324,686 |
| Payroll taxes | $1,435,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $228,110 |
| Fees for services: Accounting | $130,110 |
| Fees for services: Lobbying | $211,737 |
| Fees for services: Fundraising | $505,544 |
| Fees for services: Investment Management | $3,595 |
| Fees for services: Other | $4,344,675 |
| Advertising and promotion | $443,026 |
| Office expenses | $668,761 |
| Information technology | $1,909,063 |
| Royalties | $0 |
| Occupancy | $449,178 |
| Travel | $653,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149,551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,710 |
| Insurance | $141,771 |
| All other expenses | $5,155 |
| Total functional expenses | $33,008,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,536,414 |
| Pledges and grants receivable | $2,035,025 |
| Accounts receivable, net | $5,250,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,396,729 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $956,445 |
| Net Land, buildings, and equipment | $1,336,840 |
| Investments—publicly traded securities | $499,888 |
| Investments—other securities | $14,336,001 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,539,371 |
| Total assets | $37,887,626 |
| Accounts payable and accrued expenses | $2,084,349 |
| Grants payable | $0 |
| Deferred revenue | $9,826,575 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,906,539 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,817,463 |
| Net assets without donor restrictions | $1,022,614 |
| Net assets with donor restrictions | $22,047,549 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,887,626 |
Grants Awarded
Over the last fiscal year, Learning Ally Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTESVILLE CITY SCHOOLS PURPOSE: TO SUPPORT SPECIAL EDUC. PROGRAMS | $15,000 |
PEFCA PURPOSE: TO SUPPORT SPECIAL EDUC. PROGRAMS | $15,000 |